Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
Property118.com has been approached by a National Journalist who wants to write some articles on the implications of the Summer Budget proposal to restrict finance cost relief. The journalist wants some case studies and wants to feature landlords and tenants in articles.
This is where you come in. Are you willing to put you name forward to be featured in an article? Can you think of any landlords who would be great case studies? Do you know any landlords who are now planning to sell all their properties? Are you a portfolio landlord and your business model is no longer sustainable? Is rental income your only source of income and you will be faced with a tax bill that exceeds your profit? Are you at risk of going bankrupt as a direct result of the tax proposal?
Do you know anyone planning to serve tenants with notice to quit because they now wish to convert their properties to HMO to provide a better return? Are you planning to emigrate to escape the ‘buy to let tax grab’. Have you cashed in your pension to invest in buy to let properties and you now have regrets? Are you now exploring transferring your properties to a limited company?
Are you willing to contact your tenants to find out if they would be willing to be featured in an article? Do you have tenants who have been with you for a long time on below market rent and you are now considering increasing their rent to cover your increased costs? Do you have tenants who are concerned that their rents may go up because you need to protect your margins? Do you rent mainly to people on benefits but will need to serve some or all of them with notice to quit?
There are many personal stories that can help the campaign. If we can show that the lives of real people are being very badly affected by this change, then more people will listen to our concerns and we will gain more supporters.
Please contact Mark at firstname.lastname@example.org if you can help.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More